For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 22 W Newell Road in Danville, IL is a 27,050 SF multi-tenant strip center shadow-anchored by Walmart Supercenter and Menards. Built in 2002 on 4.18 acres with 155 parking spaces, the center is 60% occupied, leaving 10,940 SF available for lease, including both end-cap units and multiple contiguous suites that can be configured for a range of tenant sizes. In-place income is led by Dollar Tree, which has operated at the site for more than 22 years, and Fujiyama Japanese Steakhouse, a tenant for more than eight years, with over four years of term remaining on both leases. The value-add thesis centers on leasing the vacant space to stabilize occupancy and grow income. Adjacent Walmart and Menards draw a combined 2.7 million annual visitors, and the property sits just off the Route 136 exit and entrance ramp with 13,400 vehicles passing daily. Kohl's, T.J. Maxx, Lowe's and Harbor Freight round out the surrounding retail node, while an average household income of $100,815 within one mile supports continued retail demand.
Due Diligence
Location
22 W Newell Road sits just off the Route 136 exit and entrance ramp in Danville, Illinois, with 13,400 vehicles passing the site daily. The center is shadow-anchored by an adjacent Walmart Supercenter and Menards, and Kohl's, T.J. Maxx, Lowe's and Harbor Freight operate nearby. That concentration of national retail draws consistent shopper traffic to support lease-up.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
